Sumitomo Chemical Company, Limited (SOMMY) Q1 2026 Earnings Call Transcript | Seeking Alpha
Sumitomo Chemical Company, Limited (SOMMY) Q1 2026 Earnings Call August 4, 2026 3:00 AM EDTCompany ParticipantsToshihiro Yamauchi - Managing Executive OfficerConference Call ParticipantsTakato Watabe - Morgan. . .
Sumitomo Chemical Company, Limited (SOMMY) Q1 2026 Earnings Call August 4, 2026 3:00 AM EDTCompany ParticipantsToshihiro Yamauchi - Managing Executive OfficerConference Call ParticipantsTakato Watabe - Morgan Stanley, Research DivisionMikiya Yamada - Mizuho Securities Co. , Ltd. , Research DivisionGo Miyamoto - SMBC Nikko Securities Inc. , Research DivisionHidemitsu Umebayashi - Daiwa Securities Co. Ltd. , Research DivisionShigeki Okazaki - Nomura Securities Co. Ltd. , Research DivisionShunta Omura - UBS Investment Bank, Research DivisionPresentationOperatorIt is now time. So we will begin our Q1 2026 Financial Results Conference Call. Thank you very much for joining us. Today, Yamauchi, Managing Executive Officer, will explain the financial results for FY 2026 first quarter, followed by a Q&A session with [ Matsui ], General Manager of Accounting Department. The session is scheduled to finish at 4:50 p. m. Mr. Yamauchi, please start. Toshihiro YamauchiManaging Executive OfficerYamauchi from Sumitomo Chemicals. Thank you very much for taking the time out of your busy schedule to join our conference call today. We'd like to take this opportunity to express our sincere thanks to our investors and analysts for your continued understanding and support of our company's management. I will now explain the overview of our financial results for FY '26 first quarter. Please turn to Slide 4. Before explaining the details of the financial results, let me briefly explain the profit and loss status for Q1. Core operating income increased significantly from JPY 27. 7 billion in Q1 of FY '25 to JPY 62. 3 billion in Q1 of FY '26. Net income attributable to owners of the parent was JPY 40. 8 billion in Q1, up by JPY 45. 3 billion from the prior year, thanks to an increase in core operating income. This was the second best Q1 core operating income and net income attributable to owners of the parent on record following Q1